News Headlines Article

Feinstein Calls on WellPoint to Drop Premium Hikes in CA as Insurer Marks Big 1Q Profits
HC Pro

Democratic Sen. Dianne Feinstein of California called on WellPoint Inc. to drop plans for premium pay hikes of as much as 39% on policyholders in her state after the health insurer reported a Fiscal 2010 first quarter profit increase of 51%.

Indianapolis-based WellPoint reported a net income of $876.8 million, or $1.96 per share, with total revenues of $15.1 billion, as profits from its consumer segment increased by 49%, to $326 million.